Murrieta Ca.Real Estate Owned (REO) Property Closes Escrow In 29 Days.

Many Variables Come Into Play With The purchase of a foreclosure property and it is a complicated process at times but the process can go much smoother when all parties involved do their respective parts all the way from the Default Management Company handling the sale for the investor to the Loan Officer who is taking care of the buyers new purchase loan. Included in the mix are a couple of Real Estate Agents, Escrow Officers, Title Companies, Home Inspectors and the list goes on but the fact remains it takes everyone working together to close the sale on time.

We All Hear Stories About Sales That Went Past the close date, it happens, and usually blame is thrown in all directions at each party involved but ever once in a while the stars align and everyone involved in a transaction is a Professional and takes things seriously and gets the job done.

This Past Week on September 25th I closed escrow on a Real Estate Owned listing in Murrieta Ca. and the total time of this escrow was 29 days as we were able to close 1 day early and get this family into their new home. The selling agent wrote a very Clean offer, he knows how REO offers need to be written, that actually was not the highest out the eight offers written but the Asset Manager only countered with the banks standard addendum's.

The Buyers Furnished Their Informationto their Loan Officer in a timely manner and that loan was processed immediately and the wheels of this transaction went into motion and concluded with a successful closing. As the listing agent on this property I have called all involved to commend each and everyone of them on a job well done and I asked the selling agent to thank His Client as well.

When Purchasing A Property it Pays To Work With Professionals.

For your Real Estate needs please contact me. cameron.wilson@century21.com